Junior Miner Strikes Gold in Nevada Discovery Zone

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Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB) has reported new assay results from its Hot Springs Range Project (HSRP) in Humboldt County, Nevada. Drilling at the Otis target, part of a structural corridor interpreted as analogous to the 50-million-ounce Getchell Gold Trend, returned gold mineralization in all three holes drilled to date.

Results from holes HSC003 and HSC004 include 7.9 meters grading 1.2 grams per tonne (g/t) gold and 4 meters grading 2.4 g/t gold. These follow earlier results from HSC002, which intersected 3.9 meters at 2.4 g/t gold, including 0.5 meters grading 8 g/t gold. All assays were composited as weighted averages. Iron oxide was the dominant alteration mineral rather than sulfide, which is considered favorable for gold extraction using cyanidation.

Drilling has confirmed a northeast-trending structural orientation consistent with Carlin-type gold systems. Dan McCoy, Eminent's Chief Geologist and Director, stated in the company's June 19 announcement that the Otis fault "is mineralized with gold in every hole drilled to date, remains open in both directions, and features multiple untested faults and structural intersections."

Paul Sun, President and CEO, commented in the news release, "Every hole continues to intercept gold, further validating our thesis that the Hot Springs Range Project is analogous to major nearby gold deposits." Drilling has so far targeted only one fault, with multiple additional structures remaining untested. The next drill hole will focus on refining the geological model and further assessing the mineralized system.

According to the company's data, all holes in this initial program were approximately 500 meters deep. The mineralized zones encountered include intermittent intercepts of gold ranging from 0.1 g/t to 8 g/t. Composite results show intervals with gold and arsenic values consistent with Carlin-type geochemistry.

Gold Sector Shows Structural Shift as Central Banks Double Down

According to Matthew Piepenburg in a June 19 article for Thoughtful Money, the surge in gold prices in 2025 was directly tied to mounting global debt and rising geopolitical instability. Piepenburg noted that "gold has seen over 75 all-time-highs this year" and described it as "a centrally rising tier-one global strategic reserve asset." He attributed gold's growing strength to widespread distrust in fiat currencies and the increasingly weaponized U.S. Treasury system. Piepenburg also highlighted that gold had outperformed the S&P 500 in total return over the past two decades and had become "the best performing asset of 2025."

In a June 20 article for Stockhead, Josh Chiat reported that gold prices had climbed from under US$2,000 per ounce in late 2023 to over US$3,350 by mid-2025, briefly exceeding US$3,500 in April. Chiat cited the World Gold Council's annual survey, noting that sovereign buyers had purchased around 1,000 tonnes of gold annually over the past three years. "95% of central banks buyers expect central banks to increase their gold reserves this year," he wrote, compared to 81% in the previous year. Shaokai Fan of the WGC added, "Nearly half of the central bank respondents intend to increase their own gold holdings in the coming year . . .  especially considering how many record-high prices we've hit so far in 2025."

A June 23 article from Ahead of the Herd reinforced gold's safe-haven appeal in the face of persistent geopolitical risks, pointing out that gold had risen approximately 27% year to date. The article connected gold's rise to ongoing conflict, inflation fears, and eroding trust in U.S. financial leadership. Citing the World Gold Council, it reported that "43% of central bank reserve managers said they plan to increase their gold holdings this year," compared to 29% the year before. The article also found that "76% of respondents believe that gold will represent a moderately or significantly larger share of total reserves five years from now."

The same report referenced a marked shift away from U.S. Treasury assets. According to data from the New York Federal Reserve, foreign central bank custody holdings had declined to US$3.22 trillion, the lowest level since 2017. Bank of America's Meghan Swiber noted, "This flow likely reflects official sector diversification away from dollar holdings."

What's Driving the Project Forward

Eminent Gold's Hot Springs Range Project is positioned as a direct analogue to Nevada's prolific Getchell Trend, which hosts over 50 million ounces of gold. The company maintains 100% ownership of 419 federal lode claims covering more than 3,500 hectares. According to the June 2025 investor presentation, the Otis target lies on the same interpreted structure as the Turquoise Ridge deposit, separated only by a post-mineral basin.

Eminent has highlighted three priority targets within HSRP — Otis, Sitka, and Eden — all located along a prospective structural corridor that shows similar geochemistry and host rock composition to other Carlin-style systems. Geophysical and geochemical surveys support the structural model and ongoing targeting efforts.

Looking ahead, the company plans to test all three of its 100%-owned Nevada projects (Hot Springs Range, Gilbert South, and Celts) within the next 12 months. Drilling is underway at HSRP, and preparations are in place for future programs at the remaining two properties. The Otis target alone has yielded surface samples up to 2.8 g/t gold, and the broader project area includes multiple untested faults identified as part of the structural model. According to the company, further drilling will be aimed at tracing high-grade feeder systems and delineating the extent of gold-bearing zones.

Ownership and Share Structure

According to Refinitiv, 9.5% of Eminent Gold Corp is held by management and insiders with Michael Kosowan at 6.36% and Paul Sun at 1.39% hold the most. Strategic entities hold 19.68%. Of them, Kinross Gold Corp has 9.90% and Milliard Geological Consulting owns 9.78%. The rest is retail.

Eminent Gold has a market cap of CA$20.89 million. The company has 54.82 million free float shares and a 52-week trading range of CA$0.21 to CA$0.52.